Visible Gold Mines Inc.

Description

Visible Gold Mines Inc. is a Québec-focused junior explorer listed on the TSX Venture Exchange. Its flagship asset is the 100%-owned Horsefly Gold Project, a 392-claim package immediately west of IAMGOLD's Nelligan Mining Complex. The company's second district-scale gold asset is the Sakami Project in James Bay, where Visible Gold acquired a 51% interest and became operator in September 2026.

The investment case is discovery leverage in Tier 1 Québec, a relatively tight share structure, experienced leadership and approximately C$2.6M of cash received in May 2026. Horsefly contains several historical high-grade gold occurrences, while Sakami provides additional district-scale exploration exposure through the GoldenEye, Lamarche and Transtaiga zones.

There is currently no compliant mineral resource or economic study. The August 2026 sale of MegaLi for C$201,000 also left Visible Gold with a 1.34% NSR royalty, subject to aggregate buyback rights of C$2.68M.

List of Projects:

Project 1: Horsefly Gold Project, Québec, Canada — Gold
100%-owned flagship consisting of 392 claims covering approximately 220 km² west of Nelligan in the Chibougamau camp. Historical showings, limited drilling, airborne magnetics and structural targets support systematic follow-up exploration.

Project 2: Sakami Gold Project, Québec, Canada — Gold
Currently 51%-owned with an option to acquire 100%. The 475-claim, approximately 250 km² James Bay property lies between the La Grande and La Pointe deposits. Visible Gold may acquire the remaining 49% by issuing three million shares by 31 January 2027, subject to approvals.

Project 3: Veronik Gold Property, Québec, Canada — Gold
100%-owned approximately 62 km² grassroots project located southeast of the Casa Berardi mine. Historical sampling includes gold values such as 3.2 g/t Au and a 4.0 g/t Au boulder.

Project 4: MegaLi Royalty, Québec, Canada — Lithium
Visible Gold sold the 78-claim MegaLi lithium property but retained a 1.34% NSR royalty. The purchaser may buy back the royalty in two stages for an aggregate C$2.68M.

Weakness

List of projects

Project details have not been added yet.

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